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Property profile & analytics
OFF-MARKET
Estimated value
$2,910,000
Motels
2480 Old National Pkwy Atlanta, GA 30349-3268
Individually Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0064666
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1988
Construction
WOOD
Total area
45,419 SF
Lot
2.12 ac (92,347 SF)
Zoning code
C2
APN
13 0061 LL1719
UPID
US22-0064666
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Quality Inn & Suites Atlanta Airport South Hotel & Motel
-
The Lucas Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.59M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.91M
Owner & transaction history
Ramesh C Bhagat · 13 yrs held
Ramesh C Bhagat
since 2012
5 recorded transactions
Zoning & alternative use
C2 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,885,000
6.5%
$3,585,000
7%
$3,330,000
Blend value · Realmo final
$2.91M
Range $2.62M – $3.20M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$64 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$64,194
Tax year 2023
Assessed value
$1,932,040
Assessed 2023
Previous assessed
$742,120
+160.3% YoY
Effective rate
3.32%
On assessed value
Assessed land
$286,280
Assessed improvement
$1,645,760
Land market value
$715,700
Improvement market value
$4,114,400
Total market value
$4,830,100
Applied tax rate
15.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
97
Total area
45,419 SF
Lot
2.12 ac (92,347 SF)
Zoning code
C2
APN
13 0061 LL1719
UPID
US22-0064666
Jurisdiction
FULTON
Zoning & alternative use
C2 · Atlanta, GAZoning C2 · permitted uses
C2 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1988
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
97
Lot
2.12 ac
Current owner
From public records · entity-resolved
Ramesh C Bhagat
Individual
Mailing address
17414 VINWOOD LN, YORBA LINDA, CA 92886-1877
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2012
—
Ramesh C Bhagat
Rain Trust 2010-1
Quit Claim Deed
related
—
Sep 11, 2007
$3,400,000
Ramesh C Bhagat
Bala Hanuman Hospitality LLC
Deed
$2,380,000 · Nara Bk
Aug 15, 2007
$3,400,000
Ramesh C Bhagat
Bala,hanuman Hospitality L
Grant Deed
—
May 2, 2006
$3,051,000
Bala Hanuman Hospitality LLC
Old National Hospitality Co
Grant Deed
$2,500,000 · Branch Bk&tr
—
—
Ramesh C Bhagat
—
Deed Of Trust
related
$2,380,000 · Nara Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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